Dow futures rose slightly Tuesday night after all three major U.S. averages posted losses.
Dow Jones Industrial Average futures climbed 72 points, or 0.15%. S&P 500 futures fell 0.1%, while Nasdaq 100 futures dipped nearly 0.3%.
Wall Street is coming off a losing session for the major averages. The S&P 500 declined 1.2%, while the Nasdaq Composite dropped 2%. The Dow Jones Industrial Average lost 251 points, or 0.5%.
That comes after Palantir dropped about 8%, even after besting expectations for the third quarter, as investors worried that valuations for the software company — and the broader AI theme — have gotten untenable. After all, Palantir is trading at more than 200 times forward earnings.
Yet many investors remain optimistic that the long-term trend is still favorable for tech stocks, even if there is a near-term pullback, given the strength of spending in AI infrastructure.
